Finance, growth and shared prosperity: Beyond credit deepening

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F16%3A86099978" target="_blank" >RIV/61989100:27510/16:86099978 - isvavai.cz</a>

Výsledek na webu

<a href="http://www.sciencedirect.com/science/article/pii/S0161893816300552" target="_blank" >http://www.sciencedirect.com/science/article/pii/S0161893816300552</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1016/j.jpolmod.2016.06.004" target="_blank" >10.1016/j.jpolmod.2016.06.004</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Finance, growth and shared prosperity: Beyond credit deepening

Popis výsledku v původním jazyce

Does financial development support economic growth including the income growth of people in the bottom part of the income distribution? The seminal work of King and Levine (1993) and subsequent studies by Levine, Loayza, and Beck (2000), Beck, Levine, and Loayza (2000), and others showed that deepening of the financial sector as measured by credit to GDP coincides with greater long-run growth. The positive effect of financial deepening on growth was estimated to work through both greater investment and total factor productivity. Moreover, further studies showed that financial development can help reduce poverty and inequality (Beck, Demirgüc,-Kunt, &amp; Levine, 2007). However, these results have recently been subject to much skepticism.Not least because the 2008 global financial crisis had its epicenter in the United States, but the crisis also quickly spilled over to other countries with the deepest financial systems, and depressed economic growth around the globe. Questions arose about the economic benefits of financial depth and development.

Název v anglickém jazyce

Finance, growth and shared prosperity: Beyond credit deepening

Popis výsledku anglicky

Does financial development support economic growth including the income growth of people in the bottom part of the income distribution? The seminal work of King and Levine (1993) and subsequent studies by Levine, Loayza, and Beck (2000), Beck, Levine, and Loayza (2000), and others showed that deepening of the financial sector as measured by credit to GDP coincides with greater long-run growth. The positive effect of financial deepening on growth was estimated to work through both greater investment and total factor productivity. Moreover, further studies showed that financial development can help reduce poverty and inequality (Beck, Demirgüc,-Kunt, &amp; Levine, 2007). However, these results have recently been subject to much skepticism.Not least because the 2008 global financial crisis had its epicenter in the United States, but the crisis also quickly spilled over to other countries with the deepest financial systems, and depressed economic growth around the globe. Questions arose about the economic benefits of financial depth and development.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

—

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2016

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Journal of Policy Modeling

ISSN

0161-8938

e-ISSN

—

Svazek periodika

38

Číslo periodika v rámci svazku

4

Stát vydavatele periodika

NL - Nizozemsko

Počet stran výsledku

22

Strana od-do

737-758

Kód UT WoS článku

000386193800012

EID výsledku v databázi Scopus

2-s2.0-84992593403